Harry and Meghan's Paparazzi Chase Exposes a Fading Business.

The article examines the recent paparazzi chase involving Prince Harry and Meghan Markle in New York City, comparing it to the circumstances surrounding Princess Diana's fatal accident but emphasizing key differences. It highlights how technological and economic changes have drastically reduced the profitability of celebrity photography since the 1990s "Golden Era," leading to fewer aggressive paparazzi pursuits today. The shift from high-paying magazine exclusives to low-value subscription models and celebrities' use of social media to share personal moments has transformed the paparazzi industry, causing many photographers to leave the profession. The piece situates this evolution within broader economic trends of technological disruption and industry consolidation, noting that while the paparazzi remain part of a complex ecosystem involving celebrities and fans, their role and livelihood have fundamentally changed.